Vishay Intertechnology Beats on Both Top and Bottom Lines

Vishay Intertechnology (NYSE: VSH  ) reported earnings on April 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 30 (Q1), Vishay Intertechnology beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew slightly. Non-GAAP earnings per share dropped. GAAP earnings per share dropped.

Margins dropped across the board.

Revenue details
Vishay Intertechnology reported revenue of $554.3 million. The three analysts polled by S&P Capital IQ looked for revenue of $542.6 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.18. The five earnings estimates compiled by S&P Capital IQ averaged $0.11 per share. Non-GAAP EPS of $0.18 for Q1 were 14% lower than the prior-year quarter's $0.21 per share. GAAP EPS of $0.19 for Q1 were 9.5% lower than the prior-year quarter's $0.21 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 24.7%, 70 basis points worse than the prior-year quarter. Operating margin was 8.2%, 100 basis points worse than the prior-year quarter. Net margin was 5.2%, 110 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $575.0 million. On the bottom line, the average EPS estimate is $0.18.

Next year's average estimate for revenue is $2.31 billion. The average EPS estimate is $0.76.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 238 members out of 252 rating the stock outperform, and 14 members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Vishay Intertechnology a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vishay Intertechnology is outperform, with an average price target of $12.50.

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